Montenegro: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 79
 Year 2024
 Measure points
 Data availability 2002 - 2024
 Average 82
 Min - Max 68 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Montenegro from 2002 to 2024. The average value for Montenegro during that period was 82 points with a minimum of 68 points in 2003 and a maximum of 88 points in 2002. The latest value from 2024 is 79 points. For comparison, the world average in 2024 based on 176 countries is 70 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Montenegro - Trade freedom - Recent values chart

Historical chart
Montenegro - Trade freedom - historical chart - 2002-2024

The Trade Freedom index for Montenegro measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

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 Related indicators Latest value Reference Measure
 Property rights 59 2024 points
 Freedom from corruption 49 2024 points
 Fiscal freedom 39 2024 points
 Business freedom 70 2024 points
 Labor freedom 63 2024 points
 Monetary freedom 70.70 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 60 2024 index points
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